Each intermediary (lender) is required to provide business training and technical assistance to its micro-borrowers. If you apply for microloan financing, you may be required to fulfill training and/or planning requirements before your loan application is considered. This business training can be helpful to you as you launch or expand your small business.

Microloan Program | SBA.gov: "The Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $13,000."

Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA: "Loan Terms, Interest Rates, and Collateral
The maximum term of a SBA Micro Loan is six years. The interest rates are generally between 8% and 13%. The SBA only guarantees the loans and the loans are actually made by the community intermediaries so collateral is up to the individual intermediary and its requirements. There is usually some form of collateral required and the personal guarantee of the borrower."

Microloan Sources for Small Startups Business on Main: "ACCION USA is a private nonprofit that offers startup and expansion microloans of up to $50,000 to small-business owners in the U.S. The Web site has an information video, a quick online application and other helpful resources. You can join their e-mail list or check out the ACCION USA Facebook page."